| Schedule of information about the Company's assets and liabilities that are regularly measured and carried at fair value |
The following table presents information about the Company’s financial assets that are regularly measured and carried at fair value and indicate the level within the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value (in thousands): | | | | | | | | | | | | | | | | As of June 30, 2026 | Description | | | Total Carrying Value | | | Quoted Prices in Active Market
(Level 1) | | | Significant Other Observable Inputs
(Level 2) | | | Significant Other Observable Inputs
(Level 3) | Assets: | | | | | | | | | | | | | Cash | | $ | 115,202 | | $ | 115,202 | | $ | — | | $ | — | Money market funds | | | 81,375 | | | 81,375 | | | — | | | — | Short-term investments: | | | | | | | | | | | | | Commercial paper | | | 24,217 | | | — | | | 24,217 | | | — | Corporate debt securities | | | 78,902 | | | — | | | 78,902 | | | — | Government securities | | | 343,430 | | | 343,430 | | | — | | | — | Long-term investments: | | | | | | | | | | | | | Corporate debt securities | | | 16,648 | | | — | | | 16,648 | | | — | Government securities | | | 14,115 | | | 14,115 | | | — | | | — | Total assets | | $ | 673,889 | | $ | 554,122 | | $ | 119,767 | | $ | — |
| | | | | | | | | | | | | | | | As of December 31, 2025 | Description | | | Total Carrying Value | | | Quoted Prices in Active Market
(Level 1) | | | Significant Other Observable Inputs
(Level 2) | | | Significant Other Observable Inputs
(Level 3) | Assets: | | | | | | | | | | | | | Cash | | $ | 13,038 | | $ | 13,038 | | $ | — | | $ | — | Money market funds | | | 97,603 | | | 97,603 | | | — | | | — | Short-term investments: | | | | | | | | | | | | | Commercial paper | | | 5,959 | | | — | | | 5,959 | | | — | Corporate debt securities | | | 44,299 | | | — | | | 44,299 | | | — | Government securities | | | 182,293 | | | 182,293 | | | — | | | — | Long-term investments: | | | | | | | | | | | | | Corporate debt securities | | | 1,467 | | | — | | | 1,467 | | | — | Government securities | | | 15,805 | | | 15,805 | | | — | | | — | Total assets | | $ | 360,464 | | $ | 308,739 | | $ | 51,725 | | $ | — |
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| Summary of available-for-sale securities |
The following table summarizes the available-for-sale securities (in thousands): | | | | | | | | | | | | | As of June 30, 2026 | | | Amortized Cost | | | Gross Unrealized Gains | | | Gross Unrealized Losses | | | Fair Value | Commercial paper | $ | 24,236 | | $ | — | | $ | (19) | | $ | 24,217 | Corporate debt securities | | 95,670 | | | 2 | | | (122) | | | 95,550 | Government securities | | 358,340 | | | 1 | | | (796) | | | 357,545 | Total | $ | 478,246 | | $ | 3 | | $ | (937) | | $ | 477,312 |
| | | | | | | | | | | | | As of December 31, 2025 | | | Amortized Cost | | | Gross Unrealized Gains | | | Gross Unrealized Losses | | | Fair Value | Commercial paper | $ | 5,957 | | $ | 2 | | $ | — | | $ | 5,959 | Corporate debt securities | | 45,740 | | | 28 | | | (2) | | | 45,766 | Government securities | | 197,939 | | | 162 | | | (3) | | | 198,098 | Total | $ | 249,636 | | $ | 192 | | $ | (5) | | $ | 249,823 |
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